Advertise with Us

March 2018

Please fill in your details to download the Table of Contents of this report for free. We also do customization of these reports so you can write to us at mi@fibre2fashion.com in case you need any other additional information.

Stronger demand and a weaker currency contributed to the slightly higher prices fetched for some types at the second sale of the season, which saw the Cape Wools Merino indicator gaining 1.2% to close at R88,41/kg (clean).

Quality, long fleeces in particular were in good demand. Prices for fine wools, however, remained under pressure.

The rand had depreciated by 2.7% against the US dollar compared with the average rate at the previous sale, trading at R8,38, while it was 4.7% weaker against the euro at R10,51.

A total of 7 694 bales were offered of which 98%, which was considerably higher than the 88% achieved at the previous sale. Major buyers were Standard Wool SA (3 414 bales), Lempriere SA (1 495 bales), Stucken & Co (1 012 bales) and Modiano SA (967 bales).

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were down 0.6% at R99,36/kg, 18,5 microns shed 1.8% to R95,36/kg, 19 microns dropped 0,9% to R94,28/kg, 19,5 microns were down a marginal 0.2% to R93,45/kg, 20 microns gained 0.6% to close at R92,75/kg, 20,5 microns were up 0.6% at R92,47/kg, 21 microns rose 1.1% to R92,31/kg, 21,5 microns were a slight 0,3% cheaper at R91,80/kg and 22 microns were down 0.4% to close at R91,81/kg.